Hannover Re has said it is targeting growth of 7-8 percent over the current reinsurance cycle, which it believes continues to be favourable for reinsurers, despite remaining cautious in its appetite for cyber.
Baden-Baden
Munich Re has issued a stark warning to brokers and cedants that it is “unwilling to be challenged” on wordings, price and attachment points at the 1.1 renewals, with the reinsurer adding that further adjustments will be needed for some exposures to address loss creep.
The European reinsurance market is expected to remain “dynamic” at the upcoming 1 January renewals, with Munich Re underlining that it will only seek growth where “appropriate” terms and conditions are built into primary and reinsurance contracts.
Industry leaders in Baden-Baden have doubled down on the need for the (re)insurance sector to foster and maintain long-term partnerships as a means to remain both resilient and relevant in response to the growing systemic risks.
The reinsurance industry should not be solely focused on price and must pay greater attention to the sector’s value proposition during renewal discussions, industry leaders warned at the Guy Carpenter Baden-Baden Reinsurance Symposium on Sunday.
Pine Walk’s newly launched specialty reinsurance cell Silverflame Re is targeting $50mn in gross written premiums in its first year, with the Fidelis Partnership-backed entity set to enter the tight marine retrocession market,
When the industry gathered in Monte Carlo for the annual
Conditions at the upcoming marine reinsurance renewals are expected to be flat to slightly soft, driven by continued capacity oversupply and expectations for a relatively limited market impact from Hurricane Milton.
Guy Carpenter’s Europe CEO Julian Enoizi on the need for greater collaboration between the public and private sectors.
In a world marked by uncertainty and volatility, there will be demand and value prescribed to reinsurance, according to Swiss Re’s Nikhil da Victoria Lobo.
Munich Re and Hannover Re have both sent a clear message to European cedants that they have no intention of softening their stance at the upcoming 1.1 renewals, with recent loss creep in the region meaning further adjustments to pricing and terms are likely.
Rob Sloan, senior director – marketing, insurance solutions at Moody’s, on the importance of obtaining the required data.
Nick Fraccalvieri, CEO of Aon’s EMEA facultative reinsurance business, shares his observations on what is driving facultative purchasing, the underlying market conditions and how Aon is remaining at the forefront of increased competition.
Guy Carpenter’s global co-head of cyber Anthony Cordonnier examines the state of the European cyber insurance market.
David Flandro, head of industry analysis and strategic advisory at Howden Re, discusses the complex landscape shaped by heightened risk premia, increased frequency and severity of secondary perils and the industry's current capacity constraints.
